XML 18 R5.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue $ 2,284,442 $ 1,922,765 $ 886,093
Cost of revenue 1,998,389 1,518,945 653,983
Gross profit 286,053 403,820 232,110
Operating expenses      
Technology and development 196,250 156,718 84,297
Marketing 158,071 138,740 54,881
General and administrative 254,593 218,315 85,624
Restructuring and reorganization 40,469 0 6,516
Total operating expenses 649,383 513,773 231,318
(Loss) income from operations (363,330) (109,953) 792
Interest income 6,639 635 2,074
Interest expense (17,745) (11,762) (19,495)
Income tax (expense) benefit (126) 6,107 0
Gain on extinguishment of convertible senior notes 57,193 0 0
Other (expense) income, net (3,774) 5,360 (1,898)
Net loss (321,143) (109,613) (18,527)
Dividends on convertible preferred stock (1,560) (7,269) (4,454)
Net loss attributable to common stock—basic (322,703) (116,882) (22,981)
Net loss attributable to common stock—diluted $ (322,703) $ (116,882) $ (22,981)
Net loss per share attributable to common stock—basic (in dollars per share) $ (2.99) $ (1.12) $ (0.23)
Net loss per share attributable to common stock— diluted (in dollars per share) $ (2.99) $ (1.12) $ (0.23)
Weighted average shares of common stock— basic (in shares) 107,927,464 104,683,460 98,574,529
Weighted average shares of common stock— diluted (in shares) 107,927,464 104,683,460 98,574,529
Other comprehensive income      
Foreign currency translation adjustments $ 94 $ 6 $ (3)
Unrealized gain on available-for-sale securities 533 379 172
Comprehensive loss (320,516) (109,228) (18,358)
Service      
Revenue 1,081,877 1,042,112 674,345
Cost of revenue 772,351 648,660 437,484
Product      
Revenue 1,202,565 880,653 211,748
Cost of revenue $ 1,226,038 $ 870,285 $ 216,499